Roth Capital Expects Increased Earnings for MGIC Investment

MGIC Investment Co. (NYSE:MTG - Free Report) - Investment analysts at Roth Capital upped their Q4 2026 earnings per share estimates for shares of MGIC Investment in a report issued on Wednesday, May 21st. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings per share of $0.82 for the quarter, up from their previous estimate of $0.77. The consensus estimate for MGIC Investment's current full-year earnings is $2.71 per share.

MGIC Investment (NYSE:MTG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The firm had revenue of $306.23 million for the quarter, compared to the consensus estimate of $306.66 million. MGIC Investment had a net margin of 63.18% and a return on equity of 14.86%. The company's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS.

Several other analysts have also commented on the company. Compass Point reiterated a "neutral" rating and set a $28.00 price objective (up previously from $27.00) on shares of MGIC Investment in a report on Friday, May 23rd. UBS Group boosted their price target on MGIC Investment from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lowered their target price on shares of MGIC Investment from $28.00 to $26.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Finally, Barclays boosted their target price on shares of MGIC Investment from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $26.63.

MGIC Investment Stock Down 0.2%

MTG traded down $0.06 during trading on Friday, hitting $26.57. The stock had a trading volume of 651,202 shares, compared to its average volume of 1,794,762. The stock has a 50 day simple moving average of $24.91 and a two-hundred day simple moving average of $24.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.25 and a current ratio of 0.48. MGIC Investment has a twelve month low of $20.11 and a twelve month high of $26.92. The company has a market capitalization of $6.31 billion, a PE ratio of 9.16 and a beta of 0.91.

MGIC Investment announced that its board has initiated a stock repurchase program on Thursday, April 24th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

MGIC Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Thursday, May 8th were paid a $0.13 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.96%. MGIC Investment's payout ratio is 17.28%.

Institutional Trading of MGIC Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its position in MGIC Investment by 75.1% in the 3rd quarter. Barclays PLC now owns 457,706 shares of the insurance provider's stock worth $11,716,000 after purchasing an additional 196,252 shares in the last quarter. UMB Bank n.a. boosted its holdings in MGIC Investment by 131.9% during the fourth quarter. UMB Bank n.a. now owns 1,649 shares of the insurance provider's stock worth $39,000 after buying an additional 938 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in MGIC Investment by 13.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 61,173 shares of the insurance provider's stock valued at $1,450,000 after buying an additional 7,290 shares during the period. Janney Montgomery Scott LLC grew its position in MGIC Investment by 33.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 40,398 shares of the insurance provider's stock valued at $958,000 after buying an additional 10,130 shares during the period. Finally, Inspire Investing LLC increased its holdings in MGIC Investment by 4.8% in the fourth quarter. Inspire Investing LLC now owns 16,883 shares of the insurance provider's stock valued at $400,000 after buying an additional 766 shares in the last quarter. 95.58% of the stock is owned by institutional investors and hedge funds.

MGIC Investment Company Profile

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.